The GBP/USD fell from its resistance zone (minor- mentioned below) on a 60 minute time frame. The price has formed a double top which is a bearish pattern and it has more significance when this takes place in a resistance zone. We are also trading in a downward channel which is another bearish sign for the price. However, the pair is very well trading above the 50 day (shown in green) moving average and 50 day (shown in yellow) moving average which shows that the bulls are still in control of the price.
The RSI indicators is showing a clear sing of negative divergence in relation to the price action. The negative divergence takes place when the price is making the higher, but the RSI fails to confirm the same.